If this is your first visit, be sure to
check out the FAQ by clicking the
link above. You may have to register
before you can post: click the register link above to proceed. To start viewing messages,
select the forum that you want to visit from the selection below.

It's all hilarious, but the lawsuit in the best part. When I heard Cuomo talking about that this morning I literally laughed out loud. Unconstitutional, you say? GTFO.

They effin' sound like the hillbilly tea partiers. Bizzaro world.

"Discipleship is not a spectator sport. We cannot expect to experience the blessing of faith by standing inactive on the sidelines any more than we can experience the benefits of health by sitting on a sofa watching sporting events on television and giving advice to the athletes. And yet for some, “spectator discipleship” is a preferred if not primary way of worshipping." -Pres. Uchtdorf

I didn't know that athletes, actors, writers, producers and directors were considered the middle class...

"If there is one thing I am, it's always right." -Ted Nugent.
"I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU."Yet I still see wisdom in that which Uncle Ted posts." -creek.GIVE 'EM HELL, BRIGHAM!

"If there is one thing I am, it's always right." -Ted Nugent.
"I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU."Yet I still see wisdom in that which Uncle Ted posts." -creek.GIVE 'EM HELL, BRIGHAM!

"If there is one thing I am, it's always right." -Ted Nugent.
"I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU."Yet I still see wisdom in that which Uncle Ted posts." -creek.GIVE 'EM HELL, BRIGHAM!

Apple is going to pay $38 billion in taxes... and will be hiring 20,000 new employees:

It looks like Apple is bringing back home nearly all of its $250 billion in foreign cash

Apple just announced on Wednesday it will bring back hundreds of billions of dollars from overseas to fund investment in the U.S.

"Apple, already the largest US taxpayer, anticipates repatriation tax payments of approximately $38 billion as required by recent changes to the tax law. A payment of that size would likely be the largest of its kind ever made," the company said in the release.

Using the new 15.5 percent repatriation tax rate, the $38 billion tax payment disclosed by Apple means they are planning a $245 billion repatriation.
[...]

"If there is one thing I am, it's always right." -Ted Nugent.
"I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU."Yet I still see wisdom in that which Uncle Ted posts." -creek.GIVE 'EM HELL, BRIGHAM!

"Discipleship is not a spectator sport. We cannot expect to experience the blessing of faith by standing inactive on the sidelines any more than we can experience the benefits of health by sitting on a sofa watching sporting events on television and giving advice to the athletes. And yet for some, “spectator discipleship” is a preferred if not primary way of worshipping." -Pres. Uchtdorf

"If there is one thing I am, it's always right." -Ted Nugent.
"I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU."Yet I still see wisdom in that which Uncle Ted posts." -creek.GIVE 'EM HELL, BRIGHAM!

"If there is one thing I am, it's always right." -Ted Nugent.
"I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU."Yet I still see wisdom in that which Uncle Ted posts." -creek.GIVE 'EM HELL, BRIGHAM!

"If there is one thing I am, it's always right." -Ted Nugent.
"I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU."Yet I still see wisdom in that which Uncle Ted posts." -creek.GIVE 'EM HELL, BRIGHAM!

"There is no creature more arrogant than a self-righteous libertarian on the web, am I right? Those folks are just intolerable."
"It's no secret that the great American pastime is no longer baseball. Now it's sanctimony." -- Guy Periwinkle, The Nix.
"Juilliardk N I ibuprofen Hyu I U unhurt u" - creekster

Taxes: When the Congressional Budget Office released its updated budget forecast, everyone focused on the deficit number. But buried in the report was the CBO's tacit admission that it vastly overestimated the cost of the Trump tax cuts, because it didn't account for the strong economic growth they would generate.

Among the many details in the report, the one reporters focused on was the CBO's forecast that the federal deficit would top $1 trillion in 2020, two years earlier than the CBO had previously said.

And, naturally, most news accounts blamed the tax cuts. "U.S. budget deficit to balloon on Republican tax cuts" is how Reuters put it in a headline.

But there's more to the story that the media overlooked.

First, the CBO revised its economic forecast sharply upward this year and next.

Last June, the CBO said GDP growth for 2018 would be just 2%. Now it figures growth will be 3.3% — a significant upward revision. It also boosted its forecast for 2019 from a meager 1.5% to a respectable 2.4%.

"Underlying economic conditions have improved in some unexpected ways since June," the CBO says. Unexpected to the CBO, perhaps, but not to those of us who understood that Trump's tax cuts and deregulatory efforts would boosts growth.

In any case, the CBO now expects GDP to be $6.1 trillion bigger by 2027 than it did before the tax cuts.
[...]

Now if we can cut spending by not getting into yet another dumbass war.

"If there is one thing I am, it's always right." -Ted Nugent.
"I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU."Yet I still see wisdom in that which Uncle Ted posts." -creek.GIVE 'EM HELL, BRIGHAM!

"If there is one thing I am, it's always right." -Ted Nugent.
"I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU."Yet I still see wisdom in that which Uncle Ted posts." -creek.GIVE 'EM HELL, BRIGHAM!

Now if we can cut spending by not getting into yet another dumbass war.

So, basically, even with the economy performing better than previously expected, we'll still see trillion-dollar deficits again soon. Great news, Ted.

"I think it was King Benjamin who said 'you sorry ass shitbags who have no skills that the market values also have an obligation to have the attitude that if one day you do in fact win the PowerBall Lottery that you will then impart of your substance to those without.'"
- Goatnapper'96

So, basically, even with the economy performing better than previously expected, we'll still see trillion-dollar deficits again soon. Great news, Ted.

You give the CBO too much credit in their dumbass forecasts... Of course, increasing spending so we can kill Syria's kids for them doesn't help.

"If there is one thing I am, it's always right." -Ted Nugent.
"I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU."Yet I still see wisdom in that which Uncle Ted posts." -creek.GIVE 'EM HELL, BRIGHAM!

Yeah we did, man. Ask Walter... He will tell you and show you the pictures.

"If there is one thing I am, it's always right." -Ted Nugent.
"I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU."Yet I still see wisdom in that which Uncle Ted posts." -creek.GIVE 'EM HELL, BRIGHAM!

It's $1.4-$1.7 trillion...over ten years...if nothing changes. In other words, if people invest as normal and the tax rates create no GDP growth, the deficit will increase by around $150 billion. And then they multiply that by the magic number 10 because they need to multiply it by something. That way, tax increases sound better and tax cuts sound worse.

Over a 2-year period, the CBO does a decent job with projections, but beyond that, a monkey throwing a dart could guess the true effect of things better. This is partly because long-term projections are nearly impossible, and partly because a lot of legislation is written to game the 10-year time window.

As I've said before, there is very little correlation between tax rates and tax receipts. Taken to extremes, there obviously would be, but this change isn't extreme. The likely long-term effect is going to depend on how the rate change effects growth because receipts will continue to be a function GDP growth.

So, basically, even with the economy performing better than previously expected, we'll still see trillion-dollar deficits again soon. Great news, Ted.

The growth will cover part, but not all of the tax cuts. Duh.

Unless we do something to cut spending, all this means is even more deficit spending.

Unfortunately, spending is on track to climb even faster — going from 20.6% of GDP this year to 23.6% by 2028. (The highest spending ever got under Obama was 24.4% of GDP, and the post-War average is 19.3%.)

This is little short of a disgrace, and shows that Republicans love spending taxpayer money as much as Democrats.

In fact, some GOP senators don't even want Trump to use his rescission authority to strip some of the worst spending items out of the bipartisan $1.3 trillion spending monstrosity.

Someone needs to remind these alleged fiscal conservatives that if they can't get control of spending today, it's a virtual guarantee they'll end up agreeing to a "deficit cutting" tax hike tomorrow.

"There is no creature more arrogant than a self-righteous libertarian on the web, am I right? Those folks are just intolerable."
"It's no secret that the great American pastime is no longer baseball. Now it's sanctimony." -- Guy Periwinkle, The Nix.
"Juilliardk N I ibuprofen Hyu I U unhurt u" - creekster